Common use of TELEPHONE COMMUNICATIONS Clause in Contracts

TELEPHONE COMMUNICATIONS. Members of the board of directors or any committee thereof may participate in a meeting of such board or committee by means of conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other, and participation in a meeting pursuant to this subsection shall constitute presence in person at such meeting.

Appears in 5 contracts

Samples: Stock Purchase and Standstill Agreement (National Auto Credit Inc /De), Standstill Agreement (Craig Corp), Standstill Agreement (Craig Corp)

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TELEPHONE COMMUNICATIONS. Members The Board of Directors, or any ------------------------- committee designated by the Board, may hold any meeting of the board of directors Board, or any committee thereof may participate in a meeting of such board or committee committee, by means of a conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other, and participation . Participation in such a meeting pursuant to this subsection shall constitute presence in person at such the meeting.

Appears in 1 contract

Samples: Merger Agreement (Drummond Financial Corp)

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